The Best’s Market Segment Report, “Fewer Major Cat Events Limit Claims Activity for Latin America Reinsurers”, notes that global reinsurers have shifted their focus to areas less prone to catastrophes than Latin America or have targeted their capital in regions that justify price increases.
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26 September 2023 From potential political instability to tighter financial conditions and high inflation, there are myriad economic challenges impacting the LatAm insurance market.
26 September 2023 Latin America is facing political instability, high inflation and an array of other economic factors, but the insurance market remains sound, according to AM Best.